Liberia (LBR) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Liberia-Madagascar Trade: In 2022, Liberia exported $1.62k to Madagascar. The main products that Liberia exported to Madagascar were Computers ($996), Broadcasting Equipment ($398), and Centrifuges ($131). Over the past 19 years the exports of Liberia to Madagascar have decreased at an annualized rate of 24.3%, from $322k in 2003 to $1.62k in 2022.

In 2022, Liberia did not export any services to Madagascar.

Madagascar-Liberia Trade: In 2022, Madagascar exported $26.4k to Liberia. The main products that Madagascar exported to Liberia were N/A. Over the past 19 years the exports of Madagascar to Liberia have increased at an annualized rate of 46.5%, from $2.67k in 2003 to $26.4k in 2022.

In 2022, Madagascar did not export any services to Liberia.

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $1.62k to Madagascar. The main products exported from Liberia to Madagascar were Computers ($996), Broadcasting Equipment ($398), and Centrifuges ($131). During the last 19 years the exports of Liberia to Madagascar have decreased at an annualized rate of 24.3%, from $322k in 2003 to $1.62k in 2022.

In 2016, Madagascar exported $26.4k to Liberia. There were not main exports from Madagascar to Liberia in 2016. During the last 5 years the exports of Madagascar to Liberia have increased at an annualized rate of 46.5%, from $2.67k in 2021 to $26.4k in 2016.

Exports from Liberia () to Madagascar () (2022)

Exports from Madagascar () to Liberia () (2022)

Latest Data

Trade between Liberia () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Madagascar
Top DestinationUnited States$756M

This map shows whether countries import more from Liberia or Madagascar. Each country is colored based on the difference in imports they receive from Liberia and Madagascar or the difference in the growth in imports.

In 2022, countries that imported more from Liberia than Madagascar included Switzerland ($544M), Poland ($124M), and Lebanon ($106M).

In 2022, countries that imported more from Madagascar than Liberia included United States ($756M), China ($538M), and France ($634M).

Difference in imports from Madagascar () and Liberia () (2022)

Comparative Advantage Liberia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Liberia and Madagascar by product, considering products traded by both, Liberia and Madagascar.

During 2022, Liberia had a large net trade with Madagascar in the exports of Machines ($1.53k), Paper Goods ($96), and Metals ($2).

During 2016, Madagascar had a large net trade with Liberia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Madagascar+$2.63kRefined Petroleum

Top Product Potential Madagascar Liberia+$2.42kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Liberia and Madagascar. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Madagascar () (2022)

Exports from Madagascar () to Liberia () (2022)

Latest Data

Trade between Liberia () and Madagascar ()

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Liberia () (2022)

Comparative Advantage Liberia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Madagascar () (2022)

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